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As a rookie, State Rep. Phil King of Weatherford helped pass a law 20 years ago to deregulate electricity in Texas. Now The Watchdog asks him to help fix broken parts of the system. King is running for House speaker.

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TXU Energy and Luminant — Texas' largest retail electric provider and largest electricity generator — were already spun off under new parent company Vistra. Oncor, which is low-risk and has state-guaranteed profitability, was considered the crown jewel of Energy Future Holdings when the company finally collapsed.